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Savings and Loan Association-Issued Securities
Savings Bank-Issued Securities

Statute: § 551.201(3)(c), Wis. Stats. and § 551.102(5)(b), Wis. Stats.

Used for: Securities issued by and representing an interest in or a debt of or guaranteed by a federal or state-chartered savings bank or savings and loan association.

Filing requirement: Self-Executing. No filing or Consent to Service of Process is necessary in order to claim this exemption.

Frequently asked questions:

Q: Is the exemption self-executing?

    A: Yes. No filing or Consent to Service of Process is required.

Q: May advertisements and mass mailings be used without forfeiting the exemption?

    A. Yes. See 10/7/81 letter re: West Bend Savings and Loan Association.

History:  Predecessor statute 551.22(4), Wis Stats., adopted January 1, 1970. Amended May, 1992 to include federal or state savings banks. Repealed and recreated effective January 1, 2009


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